Equitable Facilities Fund Inc

Analysis

Equitable Facilities Fund Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Equitable Facilities Fund Inc reported income of $73.8m and spending of $31.8m, leaving 57% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $53.6m to $73.8m (+38%), an average of +6.6% a year. The sharpest change came in the year to December 2020, when income rose by 326%. Over the whole period it spent 26% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Equitable Facilities Fund Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Life School of Dallas ($73.7m), Brilliant Corners ($73.9m) and Tiffin University ($73.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $2.1m (6.5% of expenses). Other salaries and wages came to $22k. At year end it held assets of $1.48bn against liabilities of $1.09bn, net assets of $392.0m. It reported 20 employees.